LiveWorld (LVWD)

[Werbe]

$LVWD Team here are legit. CEO is a pioneer and is very well known in social world. Gem among turds here. 500k market cap for a company that has $1.2 million in bank.

Share Structure as of 8-14-19

100,000,000 Common Shares Authorized

45,633,442 Shares Issued and Outstanding

Market Cap of $547,601

SAN JOSE, Calif.--(BUSINESS WIRE)--LiveWorld, Inc. (OTC Markets: LVWD), today announced financial results for the second quarter of 2019. Total revenues were approximately $1.9 million for the second quarter, as compared to the approximately $1.7 million in total revenues reported for the same period in 2018. The $1.9 million revenue compares to $1.3 million for the first quarter of 2018 when excluding Walmart, or a 48% increase in non-Walmart revenue. The Company’s revenues for the six months ended June 30, 2019 were approximately $3.6 million, as compared to the $4.1 million for the six months ended June 30, 2018. The $3.6 million revenue compares to $2.5 million for the six months ended June 30, 2019 when excluding Walmart, or a 46% increase in non-Walmart revenue.

The Company reported a net loss for the quarter of approximately $69,000, or 4% of total revenues. This compares to net loss of approximately $358,000, or 20% of total revenues reported for the second quarter of 2018. This is a reduction of approximately $289,000 or 81% quarter over quarter. This reduction was a result of lower operating costs. The Company had a net loss for the six months ended June 30, 2019 of approximately $413,000, or 11% of total revenues, as compared to the net loss of approximately $490,000, or 11% of total revenues for the six months ended June 30, 2018. This is a reduction of approximately $77,000 or 16% period over period. This reduction was a result of lower operating costs in the second quarter.

The Company finished the second quarter with approximately $1.2 million in cash and cash equivalents, as compared to the approximately $1.2 million at the end of 2018.

“In 2019 we continue to focus on expanding our healthcare related revenues, and make strategic investments in our platform along with sales and marketing,” said David Houston, Chief Financial Officer of LiveWorld, “We saw our total healthcare related revenues for the first six months of 2019 grow by approximately 82%. We do not anticipate the growth rate to remain this high, but do expect it to remain strong for 2019."

https://www.linkedin.com/in/peterhfriedman

https://www.liveworld.com/peterfriedman/

https://www.liveworld.com/

https://www.liveworld.com/wp-content/uploads/2019/08/LVWD_Q2_Report_2019_Aug_15_2019.pdf